Jonic Engineering Limited

Jonic Engineering Ltd from Birmingham UK: a small, holding company with an active status, was founded 58 years ago in 1966. Employing 38 people, the company holds £2,218,701 in assets and operates from a real address. Four directors and one owner oversee the business, which regularly imports iron or steel products (28 months) and exports machinery, boilers, and mechanical appliances (6 months).

The company’s operations are centered around the other non-ferrous metal production and the manufacture of fluid power equipment industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. The company is owned by Jonic Engineering Employee Ownership Trustee Ltd, and its directors are Blakeman Peter, Andrews Stephen Walter Frederick, Baker Tonia, and Baker Tonia.

A look at the company’s financial health reveals some interesting trends. While net assets increased by 19%, reaching £2.7 million, cash reserves decreased by 22%, falling to £39,000. Bank borrowings have been significantly reduced, dropping 47% to £69,000, which is a positive sign. Trade debtors increased by 15%, reaching £1.7 million, and creditors decreased by 51%, suggesting improved debt management. The company’s average number of employees increased by 13%, from 38 to 43, which could indicate expansion or increased workload.

The company’s accounts were prepared in accordance with the provisions applicable to companies subject to the small companies’ regime, and there was no auditor mentioned, likely due to exemption as a small company. The increase in employees, coupled with the rise in trade debtors, might be a result of increased sales activity, but it’s important to monitor whether these trends continue.

Registered in England/Wales under the registration number 00889835, with a registered address at B25 8EU, Birmingham, Speedwell Road, Hay Mills.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.